Life & DI Reinsurance Analyst (Part-Time)

Southern-Farm-Bureau-Life-Insurance-Company; Lakeover (MS); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health Insurance

Onsite Cafe

Learning & Development

Tuition reimbursement

Promotional opportunities

Life Insurance and Company-Funded P-F

Paid time off for volunteering

Job summary

Southern Farm Bureau Life Insurance Company is seeking a Reinsurance Analyst to manage new reinsured business and maintain existing reinsurance for life and DI products. The role covers documenting facultative cases, ensuring reimbursement, and assisting with Schedule S (Reinsurance) for the Annual Statement.

The position requires strong analytical skills, team collaboration, and familiarity with the TAI system to process policies, recaptures, and billings while supporting underwriting and

Qualifications

• Bachelor's degree in business related field or two years of experience with Southern Farm Bureau.
• Insurance or industry related certification preferred.
• Knowledge and/or interest in new and emerging technologies.
• Strong analytical and problem-solving skills.
• Ability to collaborate with others in a team environment.
• Prioritization skills and flexibility to reprioritize tasks when appropriate.
• Ability to function effectively in the workplace as evidenced by integrity, courage to act and communication skills.
• Ability to work with others effectively as evidenced by respect for people and teamwork.
• Ability to meet organizational goals and customer expectations evidenced by accountability for results, commitment to service and initiative.
• Ability to perform the essential functions of the job as evidenced by growth in job knowledge and professional development.

Responsibilities

• Review new policies listed on the TAI daily cycle reinsurance report for accuracy, including treaty assignment.
• Review the automatic binding limits to determine if facultative reinsurance is needed and contact Underwriting if appropriate paperwork is not complete.
• Maintain all reinsured policies on the TAI reinsurance system, which requires understanding the TAI system and its functions.
• Review reinsured policy transactions performed by Underwriting, Conservation, Policy Service, and Claims, requiring knowledge of the policy life cycle.
• Review TAI recapture reports and recapture all eligible policies according to treaty guidelines.
• Fill retention limit on remaining policies due to termination of a previous policy using TAI reports.
• Prepare the monthly billings and payments for traditional life policies on the TAI system.
• Prepare the monthly billings for Disability Income, verifying premiums, terminations, and adjustments.
• Research and answer inquiries from reinsurance companies.
• Prepare Survivor Whole Life billing.
• Prepare the reinsurance DAC tax report for the federal income tax return.
• Provide assistance to Claims, Policy Service, and Underwriting regarding reinsurance matters.
• Maintain and update the original reinsurance treaties in the vault.

Skills

Analytical skills

Problem-solving

Team collaboration

Prioritization

Integrity / accountability

Communication

Respect for people / teamwork

Initiative / service mindset

Growth / development

Education

Bachelor's degree in business related field

Insurance or industry certification preferred

Tools

TAI system

Job description

Southern Farm Bureau Life Insurance Company is seeking a Reinsurance Analyst to manage new reinsured business and maintain existing reinsurance for life and DI products. The role covers documenting facultative cases, ensuring reimbursement, and assisting with Schedule S (Reinsurance) for the Annual Statement.

The position requires strong analytical skills, team collaboration, and familiarity with the TAI system to process policies, recaptures, and billings while supporting underwriting and